Oishii Acquires Tortuga AgTech’s Key IP and Assets
Vertical farming company Oishii has acquired the key intellectual property (IP) and assets from Tortuga AgTech, a startup company for harvest robotics. This includes its artificial intelligence (AI) models, frontier robotics software, and custom hardware. Oishii will integrate these new technologies into its robotics system, which was developed in partnership with Yaskawa Robotics.
Oishii has used automation since it was first established in 2016. Brendan Somerville, COO and co-founder of the company, feels confident that the acquisition will help Oishii stay at the forefront of technological innovation.
“This acquisition will continue to further that growth,” he shared with AgFunderNews. “The combination of what Tortuga AgTech has built since its founding in 2016, married with our state-of-the-art technology, allows us to scale automated harvesting more quickly and efficiently while ultimately decreasing net costs.”
In addition to these technological assets, Oishii acquired key members of Tortuga’s engineering team. According to the AgFunder report, the companies are almost entirely integrated and actively working to implement Tortuga’s technologies into Oishii’s existing facilities and technical roadmap.
“Along with a sharp sense of the economic and commercial requirements for success, acceleration is key here,” Eric Adamson, CEO and co-founder of Tortuga AgTech, told AgFunderNews. “Tortuga supercharges the strong engineering foundation Oishii has already built, and we’re excited about seeing the expansion of our robotics expertise as a team.”